New York’s Public Service Commission (PSC) voted today to dramatically improve a key element of the NY-Sun Initiative, and as a result, more businesses in NY are now able to “go solar” on highly advantageous terms.

Solar photovoltaic roof-mounted systems are well known for efficiently, reliably, and quietly generating clean, renewable energy, with the added benefit of producing energy at the same location where it will be used. Given the popularity of these distributed energy systems, there have been an increased number of facilities noticing an indirect benefit: lower energy usage in addition to the green energy produced from solar.

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At long last, The Long Island Power Authority (LIPA) has revealed the details behind its proposed Feed-in-Tariff (FIT) II Solar Program. Although the proposal is still subject to public review and final approval by LIPA’s Board, we are encouraged by the proposed revisions to the new FIT program, and think it represents a highly attractive financial opportunity for Long Island-based businesses and commercial real estate owners.